Existing-Home Sales Rise in November

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It does feel like sales were at a good pace last month, however December might e slower because there is less to sell.

 

From DS News

Existing-Home Sales Rise in November

Existing-home sales rose again last month, according to data released Wednesday by the National Association of Realtors (NAR). That assessment, however, is coming off of lower sales numbers than previously thought, reflecting revisions to NAR’s data going back to 2007. The trade group has adjusted sales and inventory figures for the last four years downward by 14.3 percent. NAR’s latest monthly report shows sales of previously owned homes increased 4.0 percent to an annual rate of 4.42 million in November from 4.25 million in October, and are 12.2 percent above the 3.94 million-unit pace in November 2010.

 

 

- sunil

 

SUNIL SETHI REAL ESTATE


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